Cardano (ADA) Momentum Fades; Ethereum (ETH) Whales Favor DTX Exchange (DTX) After Hitting $4M in Presale

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/DTX Exchange/ – The initial hype around “Uptober” seems to dwindle as the crypto market swings low. Cardano (ADA), one of the top altcoins, loses momentum and trades downward. On the bright side, it presents a great buying opportunity.

Meanwhile, in the quest for safer and more promising investments, Ethereum (ETH) whales have been betting on the DTX Exchange (DTX) presale. This new player crossed $4 million in funding earlier this week, earning shouts of Q4’s best presale. Another layer of appeal is its intriguing blend of the best elements of centralized and decentralized exchanges — one of the new DeFi projects to watch out for.

DTX Exchange (DTX): Crossing $4 Million in Early Funding

DTX Exchange (DTX) is one of this week’s biggest winners, soaring past $4 million in early funding. Might we add that this feat was achieved in record time, overtaking most new ICOs and laying claim to this quarter’s best presale?

Its appeal spans its novelty and upside potential, capturing the attention of Ethereum (ETH) whales. Taking a different approach, it stands at the crossroads between DEX and CEX, offering the best of both worlds. Some key features of the protocol include wallet-based trading and non-custodial storage. Equally important, it aims to bridge the gap between TradFi and DeFi by giving access to thousands of assets across stocks, bonds, forex and cryptocurrencies.

The above makes DTX a strong contender in the $10 billion global trading market. With the ongoing presale presenting the best entry, savvy investors have been stacking up. A token costs just $0.06 in the third round, tipped for a 4,500% rally after listing on Tier-1 exchanges, potentially outclassing Cardano (ADA).

Cardano (ADA): Momentum Declines

Cardano (ADA), one of the top crypto coins, was recently flipped by Toncoin (TON) in market size. Nevertheless, it ranks among the top 15 cryptocurrencies and plays a key role in the crypto scene. As a Layer-1 blockchain platform, it facilitates the creation of decentralized applications (dApps).

However, its recent price actions have been largely disappointing. Following the broader market’s downturn, Cardano (ADA) loses momentum. The Cardano price decreased by over 1% on the weekly charts and 2% in the past 24 hours, trading above $0.3.

The coming days might usher in further downturns, although top analysts are confident of a bounceback. A popular Cardano price prediction hints at a breakout above $0.5 in the coming weeks, making it one of the altcoins to watch out for.

Ethereum (ETH): On Track for a New ATH

Ethereum (ETH), the leading altcoin and the second-largest cryptocurrency after Bitcoin, is one of the biggest crypto players. By introducing smart contracts to the blockchain, ETH transformed the crypto landscape — the first runner in the Layer-1 ecosystem.

However, its performance in the year’s second half has been disappointing. In the first, ETH registered an annual peak of $4,000 during the March high but has since tumbled. The Ethereum price now consolidates between $2,300 and $2,700, with no clear trajectory.

But with the bull market shifting gears, top analysts are optimistic about a bounceback. Ethereum (ETH) is tipped to hit $5,000 before the year’s end, soaring past its all-time high of $4,890. Hence, at the current market price and given its growth prospects, it is one of the best cryptos to invest in.

Conclusion

While Cardano (ADA) sees declining interest, DTX Exchange (DTX) is among this week’s biggest winners. The new altcoin crossed $4 million in presale amid rising interest from Ethereum (ETH) whales. As it prepares to reshape the global trading scene, investment is equal to investing in the future of trading.

Learn more: buy presale, visit DTX website, join the DTX community.

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